Regarding the 2 questions on Turkey’s crypto “ban” - I just mentioned in the Hive Mind report of how many countless times the Exchange is ahead with identifying and discussing what’s on people’s minds, and this is exactly what I’m talking about. RVDB films at the end of the day (and this one was live so its airing even earlier) so obviously the first chance to comment has to wait until then. But if you just looked around the Exchange, you’ll have seen this discussion taking place many hours earlier. in which we identify this as Turkey instituting capital controls given their unique central bank situation which I outline, and then some. You don’t need Raoul to tell you the exact same thing, there are plenty of smart people on the Exchange who know what’s going on or at least are discussing it. And these questions of “is Turkey the start of global banning of crypto“ - thats a legitimate question IF you already know about Turkey‘s prior day new guy at central bank first policy meeting holding rates flat at 19%, and THEN you ask. But im quite certain those 2 question askers have zero idea about the backdrop specific to Turkey‘s situation. Just do a quick scan of the Exchange, find this from hours earlier↓

🇹🇷 CBRT bans crypto starting 4/30. Gold positive

...join in the discussion if you want, and then ask Raoul a real question. And no, they weren’t engaged in the Exchange and wanted Raoul’s... (More)

In the first ever ORIGINAL episode of The Breakdown, @Nick Correa and I tackle the VIX and VXX and ask the question, why would investors ever enter a trade that is practically guaranteed to lose them money??

@Jeremiah S @John Ahearn @Jaymes Rosenthal @Moritz Heiden @Matt Daniell @Craig P @Bradley Snyder @Sam Colt @Theodore Boydston @thomas cullis @Aneil Pokharel @Dennis Jarvis @Konrad Zawadzki @Joseph J @James J P Mulholland @Xavier Mejido @Master Of Money @Tom Catternan @Kewal Mistry @Jehan Hiramanek @Sean Morgan @Sam Mitchell @John Ahearn @Dan Little @Matthew Lansing @Matthew Lansing @Adam Toth-Fejel @Theodore Freysen @Seahyung Park @Sean Morgan @Bryce G @Dean W @ALLEN AZAR @Oliver Anderson @Andreas Niederberger @Cristofer Atiencia @Lemony Snicket @Brian Caputo @Brian Lee @brian barry @bill foord @Georgii Verbitskii @Max Wiethe @Stefan Clulow @John Fadool @Collin Velarde @James Clark @Daniel Olarte @Paul LaRue @Chris Clark @Roo Larson @Lars Andersson @Matthew Larkin @Larry Lawhorn @Larry Stein @larry cooper @Christian Petersen @Philip Peterkin @David Douglas @David Lack @David Sharp @David Douglas @Marc Liron @Ted Boydston

CHARTS

VIX spikes when stocks plummet... that is something that's very valuable as it's an asset that generates cash when all your other assets are in turmoil (note: you can't own spot VIX. if you could, it would be the world's greatest trade...)

Equities are very positively correlated to the S&P 500

Treasury Bonds are generally negatively correlated (at least in this current regime), and they generate yield - that's why they are thought of as a "positive-carry put."

BUT VIX is... (More)